Wesdome Gold Mines Ltd. (TSE:WDO) Given Average Rating of “Moderate Buy” by Brokerages

Wesdome Gold Mines Ltd. (TSE:WDO) has received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$15.29.

A number of analysts have recently commented on WDO shares. BMO Capital Markets upped their price target on Wesdome Gold Mines from C$14.00 to C$18.00 in a research note on Thursday, August 15th. National Bankshares increased their target price on shares of Wesdome Gold Mines from C$17.25 to C$17.50 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Ventum Financial boosted their price target on shares of Wesdome Gold Mines from C$12.05 to C$15.00 in a report on Thursday, August 29th. Eight Capital raised their price objective on Wesdome Gold Mines from C$15.00 to C$16.00 in a research note on Thursday, August 15th. Finally, Desjardins raised Wesdome Gold Mines to a “hold” rating in a research note on Thursday, October 31st.

Insiders Place Their Bets

In related news, Senior Officer Frederic Mercier-Langevin sold 5,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of C$13.37, for a total transaction of C$66,850.00. Also, Director Anthea Ingrid Bath bought 4,250 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of C$11.83 per share, with a total value of C$50,277.50. In the last 90 days, insiders sold 12,991 shares of company stock worth $167,803. Corporate insiders own 0.17% of the company’s stock.

Wesdome Gold Mines Stock Up 0.7 %

TSE:WDO opened at C$12.09 on Monday. The stock’s fifty day simple moving average is C$12.48 and its 200-day simple moving average is C$12.27. The firm has a market capitalization of C$1.81 billion, a P/E ratio of 46.50 and a beta of 0.85. The company has a quick ratio of 0.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.44. Wesdome Gold Mines has a 12-month low of C$7.03 and a 12-month high of C$14.99.

About Wesdome Gold Mines

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. It holds interest in the Eagle River Mine in Ontario; and the Kiena Mine in Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd.